es of Accounting - II ed 3.00 in to search ABC Company purchased machinery on January 1, 2019 at a total cost of $38,000 On February 3, 2021, the machinery was traded-in for a new machinery The list price of the new machinery was $33,900. At the time of the trade in accumulated depreciation of the machinery was $17,200 ABC Company received a $15,800 trade in allowance for the old machinery The trade-in resulted in Select one: a $22,000 Loss b.$5,000 Loss c.$5,000 Gain d. $22,000 Gain O II DELL Next page ZIYAD ZAAL ODEH HOUT Log out Get the mobile app 97F Sunne

ABC Company purchused machinety on January 1, 2019 at a totai cost of S38000 On Fetruary 3 2021 the machinery was traded in for a new machinery. The list price of the new machinery was $33,900. Athe tirnc of ine trade in accumulated The trade-tn resulted in Select one a 572000 Loss b. $5,000 Loss e $5,000 Gain d. $22.000 Gain